8.340

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is likely to trade in a cautious mode next week as traders are expected to remain on the sidelines due to concerns over the stock level, a dealer said.

PETALING JAYA: Sam Engineering & Equipment (M) Bhd says it expects reduced demand from planemakers this year and has started redeploying excess resources from its aerospace division to its growing equipment business.

THE US dollar witnessed a sell-off, down 1.7% to 96.677, marking a two-month low as risk-on sentiment permeates global markets after US-China tension dwindled as President Donald Trump’s measures were seen not as severe as feared.

MALAYSIAN shares continued their good run in the first week of June, fuelled by liquidity and optimism over economic revival as global Covid-19 lockdowns ease. This is in tandem with global market trends.

REVIEW: The rally on Bursa Malaysia was at full throttle over the past week amid a pick-up in global sentinemt, led by Wall Street, as investors believed they had seen the worst of the coronavirus outbreak.